Medicare is designed to pay for short hospital stays. It pays for skilled care and was never designed to pay for custodial care, which is help with activities of daily living such as bathing, dressing, eating, transferring, continence and toileting.This is what Long Term Care deals with.

Why purchase Long-Term Care Insurance?

The daily dollar benefit allows policyholders to choose where they receive care - at home, in an assisted living facility, adult day care center or nursing home. It protects assets by transferring risk to the insurance company.

Alzheimer's coverageA waiver of premium and spousal discountInflation protection against the rising costs of care

How much Long-Term Care Insurance do I need?

Long-term care policies are designed to be comprehensive and cover a wide variety of facilities, offering numerous coverageoptions:

ýDaily benefits range from $40 to $250 a day

ýBenefit waiting periods from 0 to 365 days

ýBenefit periods last from 2 years to lifetime care

Will Long-Term Care Insurance keep up with the rising costs of health care?

Inflation protection is available at time of purchase. It increases the daily dollar benefit each year. This compounding can make a substantial difference in the size of the benefits when they are received.

What if I never need Long-Term Care?

It's true, not everyone will need long-term care, but the statistics show that as medical improvements extend life more and more the need for this insurance grows.For a couple turning 65, there is a 70% chance that one of them will need long-term care (Wall Street Journal). But just as you protect your home, auto and other possessions, it's also important to protect your assets from the devastating costs of long-term health care.